We advised the agent, arrangers and lenders on the facilities

Davis Polk advised the administrative agent, the joint lead arrangers and the revolving lenders, in connection with a $950 million term loan facility and $200 million revolving credit facility to Pasadena Performance Products, LLC, as part of Next Wave Energy Partners, LP.

Next Wave Energy Partners, LP is an independent energy company focused on the development, operation, acquisition and expansion of midstream and downstream petrochemical and fuels assets. Its core capabilities include customized toll processing, manufacturing and logistics solutions for natural gas liquids (NGLs), petrochemicals and gasoline blending components. This transaction involved a refinancing for an ethylene dimerization and alkylate production facility located in Pasadena, Texas.

The Davis Polk finance team included partners Elena Maria Millerman and Christopher Nairn-Kim, counsel Kailash Gupta and associate Jack Hobbie. Counsel Julie E. Dechen and associate Benjamin Montgomery provided real estate advice. Counsel Michael Comstock provided environmental advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

Copy link to share post